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The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions). Accounts Payable $4,095 Accounts Receivable
The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions).
Accounts Payable | $4,095 |
---|---|
Accounts Receivable | 720 |
Aircraft Fuel Expense | 10,100 |
Cash | 3,110 |
Common Stock | 1,290 |
Dividends | 25 |
Equipment | 16,050 |
Income Tax Expense | 330 |
Interest Expense | 270 |
Landing Fees Expense | 4,500 |
Notes Payable | 7,020 |
Repairs and Maintenance Expense | 2,600 |
Retained Earnings (as of December 31) | 8,225 |
Salaries and Wages Expense | 3,490 |
Supplies | 750 |
Ticket Revenues | 24,100 |
Prepare an income statement, Retained Earning Statement and Balance Sheet for the year ended December 31.
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